Notes to SEFA
Title: Revised Schedule of Expenditures of Federal Awards
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the Federal assistance activity of the Agency and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The Agency has elected not to use the 10% de minimis cost rate for its Federal programs.
Subsequent to issuance of the December 31, 2022 Schedule of Expenditures of Federal Awards, it was noted that some of the Federal expenditures were incorrectly reported. This affected the major program determination and resulted in an additional two major programs being identified. On May 14, 2024, the accompanying Schedule of Expenditures of Federal Awards has been revised to reflect the correct expenditures of all of the Federal funds for the year ended December 31, 2022. This revision did not impact our opinion on the Agency's compliance, in all material respects, with the types of compliance requirements that could have a direct and material effect on each of its major Federal programs for the year ended December 31, 2022.